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BANK OF CANADA RATE UP

October 24th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - October 24, 2018

The Bank of Canada raised its target for the overnight rate by 25 basis points to 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is expected to average growth of 2 per cent over the second half of 2018 before slowing to 1.9 per cent next year.  The r ...

EXPECT B of C RATE HIKE OCT 24

October 19th, 2018
BCREA ECONOMICS NOW

Canadian Retail Sales and Inflation - October 19, 2018

Canadian retail sales declined 0.1 per cent on a monthly basis in August, but were 3.6 per cent higher on a year-over-year basis. Retail sales were lower in 7 of 11 sub-sectors representing 52 per cent of total retail trade. After a spending binge in 2017 which saw retail sales grow nearly ten per cent,  BC consumers hav ...

BANK RATE PRESSURE ONGOING

September 28th, 2018
BCREA ECONOMICS NOW

Canadian Monthly GDP Growth (July 2018) - September 28, 2018

The Canadian economy expanded at a 0.2 per cent monthly rate in July after recording no change in June. Growth was fairly broad based with 12 of 20 industrial sectors reporting higher output, led by gains in manufacturing, wholesale trade and the recovery of real estate transactions after the introduction of the B2 ...

HOW IMPACTFUL ON BC ARE FED MORTGAGE STRESS TESTS?

September 13th, 2018

August Home Sales Suggest Impact of Stress Test Fading

Vancouver, BC – September 13, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,743 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in August, a 26.4 per cent decrease from the same month last year. The average MLS® residential price in BC was $669,77 ...

B of C HOLDS STEADY ON INTEREST RATE

September 5th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - September 5, 2018

The Bank of Canada maintained its target for the overnight rate at 1.50 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy is evolving in line with its projections and that real GDP growth is expected to slow in the third quarter due to fluctuations in energ ...

B of C to continue on its rate tightening path

August 30th, 2018

BCREA ECONOMICS NOW

Canadian Real GDP (Q2'2018) - August 30, 2018

Growth in the Canadian economy rebounded in the second quarter of 2018, with output expanding 2.9 per cent following just 1.4 per cent growth in the first quarter. Rising exports, an increase in household spending and a renovation spending driven rebound in housing investment were all major contributors to growth in the ...

B of C JULY RATE HIKE MORE LIKELY THAN NOT

June 29th, 2018
BCREA ECONOMICS NOW

Canadian Monthly GDP (April) - June 29, 2018

Canadian real GDP rose 0.1 per cent in April with 12 of 20 industrial sectors posting growth in output. The manufacturing sector was a main contributor to overall growth in real GDP, expanding its output by 0.8 per cent in April while offices of real estate agents and broker was up 0.3 per cent, the industry's first positive growt ...

BCREA Mortgage Rate Forecast Now Available

June 22nd, 2018
Highlights:
• Mortgages rates returning to long-run level
• B20 stress test prompts slow start to 2018   for the Canadian economy
• Trump trade tantrum may delay Bank of Canada tightening




BANK RATE GOING UP?

April 18th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement - April 18, 2018

The Bank of Canada decided to leave the target for the overnight policy rate unchanged at 1.25 per cent this morning. In the statement accompanying the decision, the Bank noted that inflation is forecast to be slightly higher in 2018 than originally expected but will return to the Bank's 2 per cent target once the im ...

Interest Rates Won't Rise - For Now.

March 7th, 2018
BCREA ECONOMICS NOW

Bank of Canada Interest Rate Announcement  - March 7, 2018

The Bank of Canada opted to maintain its target for the overnight interest rate this morning at 1.25 per cent.  In the statement accompanying the decision, the Bank noted that although growth in the Canadian economy slowed more than expected in the fourth quarter of 2017, the economy is expected to operate at capacit ...
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